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COST & MANAGEMENT ACCOUNTINGCOST & MANAGEMENT ACCOUNTING

1. MAYANK JAIN / GAURAV AGRAWAL2. CABIN LOCATION3. 9897893807 / 94122266124. mayank.17aug@gmail.com / toppers2311@yahoo.com

5. MEETING HOURS: faculty should provide 1hr. On all week days preferably between extended lunch break.

FACULTY’S INTRODUCTIONFACULTY’S INTRODUCTION

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INDEX: -INDEX: -

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PREAMBLE STRUCTUREPREAMBLE STRUCTURE

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HOLISTIC FIX OFHOLISTIC FIX OF “COST & MANAGEMENT ACCOUNTING” “COST & MANAGEMENT ACCOUNTING”

PREREQUISITES(10th standard)

Basic Statistics.• Graphs.• Mean ,Mode and Median.• Deviation.

Cost Price, Selling Price.Profit and Loss.Unitary methods.

Mean mode median - herdingcats.typepad.com/.../mean_or_median.html 5

HOLISTIC FIX OFHOLISTIC FIX OF “COST & MANAGEMENT ACCOUNTING” “COST & MANAGEMENT ACCOUNTING”

COST & MANAGEMENT ACCOUNTING

( 2nd Semester)

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Rs. 10/-Service tax

20%Surcharge

10%

Cost & Management Accounting includes Cost & Management Accounting includes 4 parts:-4 parts:-

Cost AccountingManagement AccountingBudgetingCost Management

Ppt. tutorial:-http://www.authorstream.com/Presentation/prachigupta787-178205-financial-management-finance-education-ppt-powerpoint/ 7

HOLISTIC FIX OFHOLISTIC FIX OF “COST & MANAGEMENT ACCOUNTING” “COST & MANAGEMENT ACCOUNTING”

Working Capital Management Inventory ManagementReceivables ManagementCash Management

ADVANCE COURSE 3rd & 4th Semester

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HOLLISTIC FIX OFHOLLISTIC FIX OF “COST & MANAGEMENT ACCOUNTING” “COST & MANAGEMENT ACCOUNTING”

SCOPE IN OTHER FIELDS…HR Manager

IT Manager

Marketing Manager

SCM Manager

FM

( manpower planning)

( Integration of Financial Data)

(sales forecasting and marketing plan, pricing decisions)( Inventory management)

(controlling working capital)9

KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTINGACCOUNTING

COST ACCOUNTINGCOST ACCOUNTING

PHOTO: TORONTO WORLD FINANCIAL DISTRICT

NEWS: G8_finance_ministers_agree_on_deal_to_relieve_debts_of_18_poorest_nations

INDUSTRIAL APPLICATION: Excel Finance Trick #1: FV PV & Time Value Of M...-you tube10

KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTINGACCOUNTING

MARGINAL COSTING

VIDEO: http://www.youtube.com/watch?v=cvxwisWK9vI TIME VALUE OF MONEY11

KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTINGACCOUNTING

BUDGETING

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KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTINGACCOUNTING

STANDARD COSTING

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KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTING ACCOUNTING

VARIANCE ANALYSIS

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KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTING ACCOUNTING

RESPONSIBILITY ACCOUNTING

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KEY CONCEPT OF COST & MANAGEMENT KEY CONCEPT OF COST & MANAGEMENT ACCOUNTING ACCOUNTING

TRANSFER PRICING

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COST MANAGEMENT

KEY CONCEPT OF COST & MANAGEMENT ACCOUNTINGKEY CONCEPT OF COST & MANAGEMENT ACCOUNTING

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KEY RESEARCH AREA KEY RESEARCH AREA OFOF

“COST & MANAGEMENT “COST & MANAGEMENT ACCOUNTING”ACCOUNTING”

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Research areas…Research areas…

Cost Control

Cost Reduction

Activity Based Costing

Cost Management

Target Costing

Value Chain Analysis

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KEY APPLICATIONS OF COST & KEY APPLICATIONS OF COST & MANAGEMENT ACCOUNTINGMANAGEMENT ACCOUNTING

INDUSTRIAL APPLICATIONS RESEARCH

20http://www.sas.com/industry/fsi/

INDUSTRIAL APPLICATIONINDUSTRIAL APPLICATION

1. Annual Report

SAP ANNUAL REPORT

DIODES ANNUAL REPORT

YAHOO ANNUAL REPORT

IRIS ANNUAL REPORT

DATAWATCH ANNUAL REPORT

https://www.orderannualreports.com/v5/index.asp?cp_code=YAH121

Stock screener

Mutual fund screener

Bonds screener

INDUSTRIAL APPLICATIONINDUSTRIAL APPLICATION

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ACCOUNTING RELATED RESEARCH…

Governance and Management Control

Financial Reporting

Market – Based Valuation

Macroeconomics & Growth

Trade &International Integration

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KEY JOBS AND COMPANIESKEY JOBS AND COMPANIESOF OF

COST & MANAGEMENT COST & MANAGEMENT ACCOUNTINGACCOUNTING

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CORE ACCOUNTING DRIVEN JOBS…CORE ACCOUNTING DRIVEN JOBS…

Manager Derivatives Accounting

Financial Analysis

Financial Planning

Finance Controller in Manufacturing Sector

Mergers & Acquisitions Accounting

Accounting for Non profit organisations

Link is provided here: for the above listed jobs with their their company’s. 25

HOW WE STUDY......?HOW WE STUDY......?

REFRENCE MATERIALLECTURE PLANJOURNALS

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QUESTION BANK WILL BE PROVIDED IN THE EXCEL SHEET

LECTURE PLAN WILL BE PROVIDED IN THE EXCEL SHEET

REFRENCE BOOK WILL BE PROVIDED IN THE EXCEL SHEET

INDIVIDUAL ASSIGNMENT WILL BE PROVIDED IN THE EXCEL SHEET

GROUP ASSIGNMENT WILL BE PROVIDED IN THE EXCEL SHEET

UPTU MAPPING WILL BE PROVIDED IN THE EXCEL SHEET

PROJECTS ONE CAN DO

IN…• AUTOMOBILE INDUSTRY• TEXTILE INDUSTRY• PHARMA INDUSTRY• TELECOM INDUSTRY• WINE INDUSTRY• BANKING SECTOR

TRENDS TRENDS IN IN

“COST & MANAGEMENT “COST & MANAGEMENT ACCOUNTING”ACCOUNTING”

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News:Mumbai among world's top 10 financial hubsBombay commerce and trade:http://www.bombaychamber.com

FINANCIAL HUB MUMBAI FINANCIAL HUB MUMBAI

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FINANCIAL REFORMS OF INDIAFINANCIAL REFORMS OF INDIASINCE 1991….SINCE 1991….

• LIBERALISATION

• INDUSTRIALIZATION

• CENTRAL PLANNING

Report: http://www.apcss.org/Publications/Edited%20Volumes/RegionalFinal%20chapters/Chapter16Wadhva.pdf

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LIMITATIONS OF INDIAN ACCOUNTING LIMITATIONS OF INDIAN ACCOUNTING STRUCTURE , STRUCTURE ,

TO DEVELOP LIKE TO DEVELOP LIKE INTERNATIONAL INTERNATIONAL ACCOUNTING STRUCTUREACCOUNTING STRUCTURE

INFRASTRUCTUREDEMOCRACYBUREAUCRACYCORRUPTIONMACRO-ECONOMICRESTRICTIVE NORMS

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THANK YOUTHANK YOU

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